Platform name: CoinCola in English and Keying Cola in Chinese.
Service scope: global
China, Hongkong.
Transaction currency: BTC, Swiss Federal Institute of Technology, USDT, BCH, LTC.
CoinCola basic transaction currency
CoinCola is registered in Hong Kong and is supervised and governed by the Hong Kong Monetary Authority. At present, CoinCola provides bitcoin, Ethereum, TEDA, bitcoin cash and Litecoin transactions, among which TEDA was launched on February 28th, 2065438. Compared with some online platforms with up to 500 kinds of tokens, CoinCola has only provided transactions in the above five currencies since it was launched on 20 17. Considering its recently launched USDT, CoinCola may open a centralized exchange to launch derivative currencies of Bitcoin, Ethereum and Litecoin.
CoinCola operating mode
CoinCola serves users all over the world, mainly in Asian and European trading places, including Korean, Japanese, China, Hongkong and Taiwan Province Province. Most users are in Europe, Russia and Central Europe.
CoinCola currently has an over-the-counter trading area, where buyers and sellers hang out the quantity and price they need to trade in the corresponding trading area, and the other party chooses to trade with the appropriate advertisers according to the price they can accept. In CoinCola, registering and buying and selling Bitcoin is completely free. Only the users who make the transaction advertisements need to pay 0.7% of the transaction amount as the revenue of the platform when the transaction is completed.
CoinCola attaches importance to the order management and security of over-the-counter transactions. Real-time detection of IP device changes, abnormal login, etc. And timely early warning and control suspicious behaviors such as suspected number theft and fraud. In terms of security, CoinCola has established a financial security architecture such as cold storage, SSL and multiple encryption, and at the same time adopted Google two-step verification to add a security line for account assets; KYC principle is introduced to force real-name authentication for users whose transactions exceed a certain amount.
Bitcoin policy and situation in Hong Kong
On February 9, 20 18, the Hong Kong Securities Regulatory Commission announced that "regulatory actions have been taken against some cryptocurrency exchanges and ICO issuers", informing that "cryptocurrencies defined as' securities' by the Securities and Futures Ordinance (SFO) shall not be traded without permission". This is the latest ban on exchanges in Hong Kong, which also means that cryptocurrency exchanges are not banned in Hong Kong, which provides room for the development of exchanges operating under the norms such as CoinCola.